Euronext joins Swift network

Euronext joins Swift network

Pan-European exchange Euronext is to use interbank messaging network Swift to deliver ISO 15022-compliant access to its NSC trading system and Clearnet Clearing 21 service.

Under the agreement, Euronext will use Swift's FIN and SwiftNet messaging platforms to connect to a community of over 7000 financial institutions worldwide. The exchange will enable access to its core information systems NSC and Clearing 21 using the ISO 15022 message standard.

In parallel, Euronext will contribute to Swift's efforts to define message standards for exchange flows.

Francis Remacle, head of the securities industry division, Swift, says: "Working closely with Euronext is another step towards achieving interoperability and convergence of standards from the front to back office."

Securities firms will be able to access Euronext services via Swift in 3Q 2002.

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